Restaurant Brands International Inc. (QSR)
Restaurant Brands International Inc. operates as a quick service restaurant company in Canada, the United States, and internationally. It operates through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. The company owns and franchises Tim Hortons, a coffee and baked good restaurant chain that offers beverages, sandwiches, wraps, flatbread pizzas, and others; Burger King, a quick service hamburger restaurant chain that offers flame-grilled hamburgers, chicken, and other sandwiches; Popeyes, a quick service chicken concept that offers a Louisiana style menu, including fried bone-in chicken, chicken sandwiches, chicken tenders, wings, fried shrimp, and regional items; and Firehouse Subs, which offers subs with meats and cheese, as well as chili, soups, soft drinks, and other sides. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Miami, Florida.
- Symbol
- QSR
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Restaurants
- Market cap
- $25.11B
- 52 week range
- 63.6 - 81.96
Valuation
- Share price
- $71.93 (close of 2026-09-23)
- P/E (TTM)
- 19.28x
- Price to book
- 4.65x
- Price to free cash flow
- 15.39x
- Enterprise value
- $39.72B
- Book value per share
- $15.45
Price performance
| Period | Change |
|---|
| 1 day | -0.87% |
| 5 days | -4.72% |
| 1 month | -11.04% |
| 3 months | +0.40% |
| 6 months | -4.11% |
| Year to date | +5.42% |
| 1 year | +12.13% |
| 3 years | +6.06% |
| 5 years | +14.36% |
| 10 years | +56.03% |
| All time | +95.94% |
Profitability and growth
- Return on equity
- 20.84%
- Return on invested capital
- 8.73%
- Return on assets
- 4.20%
- Return on capital employed
- 9.69%
- Gross margin
- 31.20%
- Net margin
- 11.39%
- EBITDA margin
- 26.53%
- Revenue growth
- 12.23%
- Net income growth
- -25.61%
- Free cash flow growth
- 11.29%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 6.50%
- Current ratio
- 1.01x
- Net debt to EBITDA
- 5.01x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $9.43B
- Cost of revenue
- $6.49B
- Gross profit
- $2.94B
- EBITDA
- $2.50B
- Net income
- $1.07B
- Earnings per share
- $2.36
- Shares outstanding
- 329.00M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $9.43B | $2.94B | $1.07B | $2.36 |
| 2024-12-31 | $8.41B | $3.15B | $1.45B | $3.21 |
| 2023-12-31 | $7.02B | $4.59B | $1.72B | $3.82 |
| 2022-12-31 | $6.50B | $4.19B | $1.48B | $3.28 |
| 2021-12-31 | $5.74B | $3.85B | $1.25B | $2.71 |
| 2020-12-31 | $4.97B | $3.36B | $750.00M | $1.61 |
| 2019-12-31 | $5.60B | $3.79B | $1.11B | $2.40 |
| 2018-12-31 | $5.36B | $3.54B | $1.14B | $2.46 |
| 2017-12-31 | $4.58B | $2.73B | $1.24B | $2.64 |
| 2016-12-31 | $4.15B | $2.42B | $956.00M | $1.48 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 31.20% | 11.39% | 20.84% | 8.73% |
| 2024-12-31 | 37.50% | 17.19% | 29.84% | 10.56% |
| 2023-12-31 | 65.32% | 24.47% | 36.32% | 11.33% |
| 2022-12-31 | 64.46% | 22.78% | 34.72% | 10.80% |
| 2021-12-31 | 67.07% | 21.83% | 32.52% | 10.21% |
| 2020-12-31 | 67.59% | 15.10% | 20.16% | 8.37% |
| 2019-12-31 | 67.64% | 19.83% | 26.09% | 10.35% |
| 2018-12-31 | 66.06% | 21.36% | 31.62% | 11.33% |
| 2017-12-31 | 59.57% | 26.99% | 27.08% | 11.32% |
| 2016-12-31 | 58.35% | 23.06% | 27.40% | 13.55% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $1.16B | $13.25B |
| 2024-12-31 | $1.33B | $13.46B |
| 2023-12-31 | $1.14B | $12.85B |
| 2022-12-31 | $1.18B | $12.84B |
| 2021-12-31 | $1.09B | $12.92B |
| 2020-12-31 | $1.56B | $12.40B |
| 2019-12-31 | $1.53B | $11.76B |
| 2019-01-01 | $913.00M | $11.76B |
| 2018-12-31 | $913.00M | $11.82B |
| 2018-01-01 | $1.10B | $11.80B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $1.45B | $151.00M |
| 2024-12-31 | $1.30B | $172.00M |
| 2023-12-31 | $1.20B | $194.00M |
| 2022-12-31 | $1.39B | $136.00M |
| 2021-12-31 | $1.62B | $102.00M |
| 2020-12-31 | $804.00M | $84.00M |
| 2019-12-31 | $1.41B | $74.00M |
| 2018-12-31 | $1.08B | $48.00M |
| 2017-12-31 | $1.35B | $48.00M |
| 2016-12-31 | $1.22B | $35.00M |
Dividend history
- Most recent payment
- 2026-09-18
- Paid in the last twelve months
- $2.57
| Payment date | Dividend per share |
|---|
| 2026-09-18 | $0.65 |
| 2026-06-23 | $0.65 |
| 2026-03-19 | $0.65 |
| 2025-12-23 | $0.62 |
| 2025-09-23 | $0.62 |
| 2025-06-24 | $0.62 |
| 2025-03-21 | $0.62 |
| 2024-12-20 | $0.58 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
- Consensus EPS estimate
- $1.09
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | $1.03 |
| 2026-05-06 | - | - |
| 2026-02-12 | - | - |
| 2025-10-30 | - | - |
| 2025-08-07 | - | - |
| 2025-05-08 | - | - |
| 2025-02-12 | - | - |
| 2024-11-05 | - | - |
Filings and sources
- Company website
- rbi.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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